Monday, June 19, 2023 4:15:17 PM
The CTs are guaranteed cumulative instruments with a deferment period for 5 years.
During the deferment period, the coupons were re-allocated to Senior creditors.
After 5 years, all coupons are to be paid back to the CT holders and re-instituted as defined in the syllabus.
This has not been done which is what is causing all the consternation.
Good luck. mojo9
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